Spot facing is

A.Localised machining of a component
B.Machining of a spot to fit other parts
C.Mahining of spol on the surface of a part to furnish a flat bearing or the head of a holt or nut
D.A spot prepared on shaper or milling machine
E.None of above

Saving is defined as

A.Accounting difference between current income and consumption
B.Sum of savings made by the different factors
C.Excess of expenditure over available income
D.Amount set aside for meeting unforeseen expenditure
E.None of the above